Carmen Leal- Vancouver Real Estate: Thank you

Carmen Leal- Vancouver Real Estate: Thank you: Carmen, I would like to take this opportunity to thank you for all your time, assistance, hard work and help in selling our house. You ...

Thank you

Carmen,

I would like to take this opportunity to thank you for all your time, assistance, hard work and help in selling our house. You and your entire team have imprinted a very professional impression on me from since we first met up to today when the property transactions concluded. Your articulate and detailed work helped us sell our property quickly. Also you were very considerate in working around our schedules. Appreciate your effort.

I will surely look forward to work with you whenever I am ready to transact again in the property market.

Best regards,

V. Faye

BC Home Sales to Climb 10.4% in 2016 Despite Vancouver Slowdown

Provincial association predicts record transactions and continued rising prices this year, as strong early sales and growth elsewhere offsets Vancouver losses

Home sales across the province are forecast to climb 10.4 per cent to a record 113,000 total units in 2016, before slowing again in 2017, according to a quarterly housing forecast issued August 25 by the British Columbia Real Estate Association (BCREA).

Total BC residential sales for the whole of this year are expected to eclipse the previous high of 106,310 units in 2005 – despite Lower Mainland home sales falling in July and the early part of August.

Unprecedented sales in the early part of the year, and strong growth in other parts of the province, will more than cancel out any second-half losses seen in the Lower Mainland, predicted BCREA.

“The introduction of a 15 per cent tax on foreign national home buyers in Metro Vancouver is expected to accelerate a moderating trend in the market that began earlier in the year,” said Cameron Muir, BCREA chief economist. “However, other regions of the province are performing above expectations and at the provincial level, largely offsetting Metro Vancouver's deceleration.”

The average BC home price is forecast to increase 11 per cent to $706,900 this year and a further 5.2 per cent to $743,700 in 2017.

Muir offered some hope to buyers aiming to get into the market but struggling to afford high prices.

“While the cyclical nature of housing markets can exact a harsh toll on affordability in the short term, there is some relief for beleaguered home buyers on the horizon,” added Muir.

“Housing starts in the province are expected to reach near record levels this year, and the highest amount since 1993. In Metro Vancouver, a record number of homes are now under construction.

“A moderation in housing demand combined with a rising number of both new and resale homes on the market is expected to create more balance and less upward pressure on home prices.”

For further questions Contact Carmen Leal @ CL Personal Realestate Corporation

604-218-4846  E: carmen@carmenleal.ca

 

B.C.’s foreign-buyer tax Explanations

We know you have a lot of questions about the new tax on foreign buyers in Metro Vancouver.

We have answers to those questions.

FOR THE FULL ARTICLE CLICK HERE

        

PH1 - 4372 Fraser Street, Vancouver | Carmen Leal - 360hometours.ca

Cute Penthouse unit  available in the Trendy Fraser Area.

Call Carmen for further details 604-218-4846

3001 - 867 Hamilton Street, Vancouver | Carmen Leal - 360hometours.ca

Open house Saturday July 9 from 2pm to 4pm

B.C. releases first set of data on foreign home ownership in Vancouver

New data show foreign buyers purchased 5 per cent of the homes sold in and around Vancouver over three weeks last month and, on average, spent about $400,000 more than Canadians in these transactions, the first statistical hint of the impact offshore money might be having on the region’s overheated market.

More information click HERE

Carmen Leal

Macdonald Realty Ltd

www.carmenleal.ca

604-218-4846